On "The Five" on Friday, Jesse Watters reacted to the uproar over a memo on alleged U.S. government surveillance abuses, saying the memo "better be good."

Several GOP lawmakers have said they could not yet discuss the contents of the memo after it was released to members by the House Intelligence Committee, but they described it as “shocking,” “troubling” and “alarming” and called for its public release.

"I haven't seen the contents of the memo, but by the sight of these congressmen coming in, it better be good," Watters said on "The Five" on Friday. "The way they're acting, like this is bigger than Watergate, it better be good."

He pointed out that some have speculated the memo reveals that the Justice Department and FBI abused the FISA surveillance program to spy on the Trump campaign and transition.

"If that's true, some of these congressmen say that people are going to be fired and people are going to go to jail ... and this has the potential to stop the Mueller investigation in its tracks," Watters said.

"It could be all sizzle, no steak, but I've never seen congressmen act this apoplectic before."

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